Page 38: of Maritime Reporter Magazine (September 1974)

Lykes Names Martinez

To SEABEE Division

R.T. Martinez of New Orleans has been appointed director of tonnage control for the SEABEE

Division of Lykes Bros. Steam- ship Co., Inc., it was announced by Stewart A. LeBlanc Jr., vice president of the SEABEE Divi- sion.

Mr. Martinez, a 17-year veteran of Lykes, recently returned from

Europe where his assignment in- cluded posts in London and Ant- werp, covering a span of 11 years.

He is a graduate of Tulane Uni- versity, New Orleans.

Mr. Martinez has been indenti- fied with the Lykes SEABEE

System ever since its inaugura- tion between U.S. Gulf ports and

United Kingdom and Continental

Europe in 1972. The unique SEA-

BEEs are huge intermodal barge and container transports, and

Lykes has the only SEABEEs in the world.

The Lykes SEABEE System combines inland waterway barges, containers and ocean carriers and is maintained with three 875-foot vessels, each capable of transport- ing as many as 38 fully loaded barges, or a combination of barges and containers. The barges can carry cargo in any form — bulk, breakbulk, unitized or container- ized — and containers may also be stacked atop the barges or on container adapters on the main deck of each of the ships.

SEABEE barges are increas- ingly penetrating the inland wa- terways systems of both the

United States and Europe, said

Mr. LeBlanc. Each SEABEE transport can load two barges simultaneously with its 2,000-ton submersible stern elevator.

Fruehauf Reports

Earnings Increase

For Six-Month Period

Robert D. Rowan, president and chief executive officer of

Fruehauf Corporation, has an- nounced that for the six months ended June 30, net earnings reached $21,989,870, up from $16,633,053 for the corresponding period last year, while sales in- creased to $657,707,510 from $322,261,950 in the first half of 1973. Earnings per common share were slightly reduced at $1.85 per common share, compared to $1.89 in the first six months last year.

Second quarter net earnings increased to $11,514,651, from $8,615,736 in the second quarter of 1973 on sales of $337,078,732, up from $164,758,442. Earnings per common share were $0.97 compared to $0.98 last year be- cause of additional shares out- standing. "Our trailer order backlog now extends into the first quarter of 1975," Mr. Rowan indicated. "All of our operations showed volume increases over the same period of the previous year while our profits were adversely affected by parts shortages, material price increases, and higher interest rates. Even with these problems, earnings per common share were comparable to those in the second quarter and first six months of 1973."

Fruehauf's Maryland Shipbuild- ing and Drydock Division took de- livery on June 15 of the largest floating drydock on the East and

Gulf Coasts. The drydock was commissioned on July 20, and represents a significant factor in the continued expansion of Frue- hauf's maritime business.

Mr. Rowan said: "We antici- pate a continuation of the prob- lems which affected our first six months' figures. Results for the remainder of the year will be contingent upon the availability of materials and the outcome of negotiations on several major labor contracts." 24 Hours SHIP

REPAIRS

AND C0NVERSI0MS

DRYDOCKING

SEACOAST (212)768-1701

SEACOAST (212)768-1701

SEACOAST (212)768-1701

SEACOAST

For on-time shipments of your wire & cable orders (212)768-1701

IT'S WORTH REPEATING,

WHEN YOU NEED . .. Aluminum Armored,

Bronze Armored, & Unarmored SHIPBOARD

ELECTRICAL CABLE

Immediate delivery ftttftr-stick

NAVY SHIPBOARD CABLE Mil-C-915,

Mil-C-2194 •MERCHANT MARINE SHIPBOARD

CABLE IEEE-45 • COAXIAL RG-TYPE CABLE

Mil-C-17 • SPECIAL PURPOSE CABLES Mil-C- 24145 • WELDING CABLES • POWER

CABLES & MULTI-CONDUCTOR CABLES • ELECTRONIC & COMMUNICATIONS CABLES

ALSO-TERMINAL TUBES & STUFFING TUBES

YOUR EXPERIENCED

SOURCE FOR SHIPBOARD ^SfeSSsS^

ELECTRICAL CABLE rniM SEACOAST ELECTRIC SUPPLY CORP.

MhUM 68 35th STREET, BROOKLYN, N. Y. 11232 60 Maritime Reporter/ Engineering News